Tuesday, June 7, 2011

Bust co-op banks deplete deposit insurance fund

Since its inception in 1962, DICGC has paid out about Rs 3,908 crore in claims out of bank failures. Around one-fourth has come in the last four years, from April 2007 to April 2010, itself when DICGC paid out about Rs 1,200 crore to depositors....

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